Westville, IL—61883
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westville, IL
As of Oct '25, the median home price in Westville, IL is $101,000, with a year-over-year change of 10.1%. This indicates that home prices in Westville, IL are increasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $101,000 | 10.1% |
| Single Family | $101,000 | 9.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Westville, IL
As of July '25, Rentcast reports the average rent in Westville, IL is $661, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Westville, IL is 1-bedrooms: $632, 2-bedrooms: $750. The most common rental property sizes in Westville, IL are 1-bedroom and 2-bedroom, accounting for 41.7% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $661 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $632 |
| 2 Bed Rent | $750 | $750 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Westville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Westville, IL is 54. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $141,000 | 5.0% |
Listing Count | 6 | -26.0% |
| Listings as % of Homes | 0.3% | -26.0% |
Days on Market | 54 | 9.0% |
Demographics — Westville, IL
As of the latest ACS Survey released in 2023, Westville, IL has a population of 4,420, which has increased by 3.3% over the past 5 years. Westville, IL is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,420 | 3.3% |
% Under 18 | 25.3% | -2.7% |
% Seniors | 19.4% | 37.6% |
% WFH | 6.8% | 325.0% |
% w/ College Degree | 13.5% | -12.3% |
As of the latest ACS Survey released in 2023, Westville, IL is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Westville, IL is hispanic, making up 1.2% of the population. Foreign-born residents account for 1.1% of the population in Westville, IL, and this percentage has increased by 83.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.3% | 4.2% |
% Black | 0.9% | -10.0% |
% Hispanic | 1.2% | -36.8% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 1.1% | 83.3% |
Mortgage and Risk — Westville, IL
According to HUD data as of 2023, there were 52 mortgage originations in Westville, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Westville, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Westville, IL
Westville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $650 | $660 |
| 2 Bedroom | $120 | $750 | $870 |
| 3 Bedroom | N/A | N/A | $1,080 |
| 4 Bedroom | N/A | N/A | $1,170 |
Affordability — Westville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $101,000 |
| Median Household Income | $53,700 |